Best-Performing Leveraged ETFs of Last Week

Wall Street logged a downbeat performance last week.The S&P 500 declined 0.3%, the Dow edged lower by 0.2%, and the Nasdaq slipped 0.7%, marking the first weekly loss in four weeks for the Nasdaq and the S&P 500, as quoted on CNBC.

Inflation Data in Focus

August’s personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation, came in as expected. Core PCE, barring food and energy, rose at an annual rate of 2.9%, while the all-items index recorded a 2.7% increase year over year and a 0.3% monthly gain. These readings, though still above the Fed’s 2% target, reaffirmed expectations for two quarter-point interest rate cuts by the year-end, per the CNBC article.

Consumer Sentiment

Consumer sentiment for September, reported by the University of Michigan, was only slightly weaker than expected and held steady among wealthier households with larger stock holdings. The survey’s index of consumer sentiment recorded a reading of 55.1, just slightly below the Dow Jones consensus forecast of 55.4 (as quoted on CNBC).

The reading marked a 5.3% decline month over month and a 21.6% slump from the same period a year ago.Inflation expectations held stable, with the one-year outlook at 4.7% and the five-year at 3.7%, as quoted on the abovementioned CNBC article.

Upbeat GDP Growth Data

Thanks to stronger consumer spending, the U.S. economy grew at an unexpectedly robust 3.8% pace in Q2 of 2025, marking an upward revision of second-quarter growth released by the government.

The Commerce Department said that gross domestic product (GDP) bounced back in the spring after a 0.6% decline in the first quarter, which had been hit hard by trade tensions. The new estimate is higher than the previously reported 3.3% growth (per AP news, as quoted on Yahoo Finance).

Fed Rate Cut to Address Weakening Labor Market

The Fed enacted its first rate cut of 2025 in September and also hinted at further cuts this year.At the time of writing, there are 87.7% chances of a 25-bp rate cut in the October meeting, per the CME FedWatch Tool. 

Moderate Comeback of Tariff Tensions

In a trio of posts on Truth Social on Sept. 25, 2025, President Trump announced that the U.S. will roll out a host of tariffs starting Oct. 1. The measures will cover imported kitchen cabinets, bathroom vanities, pharmaceutical products, and heavy trucks. Tariffs will range from 30% to 100%, though exemptions will apply to drugmakers currently building manufacturing plants in the United States, as quoted on Yahoo Finance.

Against this backdrop, below we highlight a few winning leveraged exchange-traded funds (ETFs) of the last week.

Leveraged Intel

GraniteShares 2x Long INTC Daily ETF INTW – Up 41.9%

Intel INTC stock jumped 19.7% last week. Intel has been in the news lately as it secured hefty investments from NVIDIA to facilitate its turnaround. Intel is reportedly planning to tie up with Apple for investments, too, as quoted on Bloomberg. Intel also announced in late August thatthe United States government will make an $8.9 billion investment in Intel common stock.

Leveraged Webull

GraniteShares 2x Long BULL Daily ETF BULX – Up 28.8%

Leverage Shares 2X Long BULL Daily ETF BULG – Up 28.8%

Shares of Webull BULL – the operator of a digital investment platform – gained about 14% last week.  In early September, Webull Corporation announced its expansion into the European market by launching brokerage services in the Netherlands through its newly authorized Amsterdam-based subsidiary, Webull Securities (Europe) B.V.

Leveraged Lucid

GraniteShares 2x Long LCID Daily ETF LCDL – Up 28.7%

Lucid Group (LCID) stock rose 13.7% last week. The company is targeting production of 18,000–20,000 EVs in 2025, more than double last year’s output. The company is also focusing on battery recycling through RecycLiCo.

Leveraged Marvell Technology

GraniteShares 2x Long MRVL Daily ETF MVLL – Up 24.4%

Marvell Technology Inc. MRVL stock jumped 13.2% last week. The company’s chief executive offered analysts an upbeat outlook of the company's prospects. At an investor conference held last week, Chief Executive Matt Murphy said the company's custom chip business should see no revenue gap next year, despite concerns related to the status of its business with Amazon's (AMZN) AWS unit, as quoted on investors.com.

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This article originally published on Zacks Investment Research (zacks.com).

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